This has been rumored for a while, however to have confirmation that it'll actually be happening is rather distressing, because there simply cannot be Buffy without Joss Whedon involved. I'm sorry, but it's true. While sometimes certain reboots can be good and take on an entirely different entity of their own, Buffy the Vampire Slayer is a cult classic and shouldn't be touched no matter what. Besides, the entire fanbase is gonna rip this to shreds, which is why I'm laughing and scoffing at the "active fan base waiting for Buffy to return to the big screen" quote because we do, just WITH JOSS WHEDON ATTACHED TO THE PROJECT. IT'S JOSS OR NOTHING BITCHES, GET IT RIGHT! Seriously, I want to know where this "active fan base" resides and how they interpret that into new movie that deals with nothing we want to see.
I predict this to flop and fail harder than anything, because it is just utter blasphemy. Also considering the entire description of what they want to do with it, I'm fearing they'll do what Joss desperately tried to avoid in creating Buffy Summers as a character. :/
This will not end well, at all.